Sundial, Unilever officially launch New Voices Fund
After announcing the New Voices Fund as part of the partnership between Sundial Brands and Unilever, the two companies officially launched the $100 million fund at the 2018 Essence Festival in New Orleans.
The initiative, originally unveiled at NACDS Annual back in April, will make private equity investments in businesses owned or managed by women of color and provide them with the access, capital and expertise needed to grow their business and transform communities, the companies said.
“The facts about investments in women of color entrepreneurs, particularly black women, are astonishing. Entrepreneurship among women of color has increased 322%, but only 0.2% of those women receive access to the funding needed to sustain and grow their businesses. Still, female-led businesses that receive funding outperform their male peers by 63%,” Richelieu Dennis, founder of New Voices, said. “Further, the ProjectDiane 2018 report recently showed that the median funding raised by all Black women is $0, in contrast to the average seed round for all startups in 2016 being $1.14 million. In addition, black women raised just 0.0006% of the total $424.7 billion in tech venture funding since 2009. This is unacceptable. It is why the Fund is focused on making equity investments and creating an ecosystem that empowers women of color entrepreneurs to reach their full potential by addressing three of the most pertinent issues preventing their long-term success — access, capital, expertise.”
The New Voices Fund also will deploy and raise additional capital to support women of color entrepreneurs as they build and advance their business. Since the initiative’s soft launch in February, it has invested in Beauty Bakerie, Beautycon Media, Envested, McBride Sisters Wine, Mented, Sweeten, The Honey Pot Company and The Lip Bar.
“The needs of women of color entrepreneurs span the entire spectrum,” Dennis said. “So, it was critical that we acknowledge and address those needs beyond just capital. The New Voices ecosystem will seek to ignite long-term social change and create a society and economy that support and value entrepreneurial women of color for their significant and innovative contributions today and tomorrow.”
Essence Magazine also has been named a strategic partner that will collaborate with the fund across on-and-offline activations, platforms and content, the companies said.
Wedderspoon intros Manuka honey skin care line
Wedderspoon is introducing a new innovative skin care line that is specifically infused with manuka honey, organic oils and plant extracts.
The brand’s new lineup includes various products that boost hydration and leave skin looking radiant, the company said. Featured in the launch are:
- The Manuka Honey Hydrating Day Cream, which hydrates, preps skin, contains lemon fruit extract and retails for $22.99;
- The Manuka Honey Gentle Facial Cleanser, which contains aloe leaf juice, blueberry fruit extract, avocado oil and can be purchased for $21.99;
- The Manuka Honey Renewing Body Lotion, which features notes of aloe and green tea, revitalizes skin and retail for $24.99;
- The Manuka Honey and Shea Butter Moisturizing Hand Cream, which combines manuka honey with organic shea butter and vanilla, and can be purchased for $21.99; and
- The Manuka Honey and Shea Butter Exfoliating Sugar Scrub, which is infused with calendula oil and retails for $24.99.
“Manuka Honey is one of the world’s most versatile raw superfoods, and our founding vision has always been to advance the category through innovations that offer a variety of ways to enjoy Manuka Honey,” Rebecca Remley, CEO of Wedderspoon, said. “We believe Manuka Honey has the power to awaken energized living, and our new product lines were created through this guiding lens. Starting with Manuka at the core, we’re amplifying the inherent wellness properties of this unique food with on-trend ingredients like adaptogenic herbs, probiotics, apple cider vinegar — and in our skincare line, organic Shea butter and organic botanicals. We’re buzzing with excitement to share these innovations with retailers and consumers alike, and put Manuka Honey on the map in a way that hasn’t been done before.”
Wedderspoon’s products are available for purchase at specialty, natural and such traditional grocers as Whole Foods Market, Wegmans, Publix, Sprouts, CVS, and Amazon.
Goodwipes help consumers feel fresh
Goodwipes, makers of premium wet wipes that are convenient and eco-friendly, have hit the shelves of 2,000 CVS stores.
The brand, which prides itself on helping consumers feel fresh AF and has a line of products for both men and women, will now have several of its products displayed in the women’s wellness sector.
“CVS checked the box on many levels not limited to: focus on health, engaging youthful audiences, positive missions and messaging,” Sam Nebel and Charlie Siciak, co-founders of Goodwipes, said. “It’s really a home run and we’re delighted to serve the on-the-go gal with them.”
Goodwipes will offer consumers its premium personal products as part of the in-store launch, along with its recently launched flushable feminine cleansing wipes, Down There Wipes for Gals.
Each of the wipes is pH balanced, hypoallergenic, paraben and alcohol-free, and comes in lite lavender and shea coco scents that are available in 16 count boxes of individually wrapped single sachets for $3.99, the company said.
“Consumers, millennials especially, are rejecting grandpa’s toilet paper, grandma’s douche, and ugly crappy products with ugly packaging. It’s almost like they’re allergic to it! They want fresh. They want eco-friendly. They want to feel good about the brands they are choosing to align themselves with,” Nebel and Siciak said. “Big dinosaur brands are losing this battle and we’re simply doing or job by satisfying active, busy, hygiene-conscious people when and where they need it most.”
Down There Wipes for Gals also are formulated with Aloe, vitamin E, can be used daily by those who have sensitive skin, the company said.
Further information on the wipes or on the brand can be found on Goodwipes’ website.